Australian tech stocks slip after Wall Street shares end lower

Megaport

01/08/2025 01:51

** Australian technology stocks .AXIJ fall as much as 1.4% to 3,003.9 points — biggest intraday pct loss since July 2

** Sub-index track Wall Street's overnight fall as early gains faded amid earnings season .N

** Shares of software co Megaport MP1.AX drop 3.6%, while WiseTech WTC.AX drops 1.2%

** Shares of accounting software provider Xero XRO.AX are down 1.6%

** YTD, AXIJ up 9.8%

(Reporting by Nichiket Sunil in Bengaluru)

((Nichiket.Sunil@thomsonreuters.com))